Expat Critical Illness Insurance
Critical Illnesses can occur unexpectedly for expats based away from their home country and may cause physical disability and financial strain on not just the person that is ill but also on the whole family. People and families require a cover plan that understands their needs for coverage of critical illness insurance, early-stage illnesses and juvenile illnesses to relieve the financial burden you could potentially face. Critical Illness plans cover a wide range of illnesses and an affordable insurance plan designed with extensive protection for over many illnesses can offer clients comfort knowing this is in place should the worst occur.
Reasons To Have Critical Illness As An Expat
- Cash to pay for medical treatments not covered by your health plan
- Cash to pay your mortgage while you are recovering
- Cash to pay bills – from car payments to insurance premiums
- Cash so you can travel for treatments not available locally
- Cash to pay for experimental treatments (not covered)
- Cash to replace a spouse’s income while caring for the insured
Types Of Illness Covered
You need to read your policy carefully as the illnesses covered vary from insurer to insurer. Some commonly covered illnesses are:
- heart attack
- kidney failure
- major organ transplant
- multiple sclerosis
Do you need critical illness insurance?
In considering whether you need critical illness insurance, you have to consider a number of factors:
- Could you support yourself or your dependents financially if you suffered from one of the covered illnesses?
- Does your employee benefits package provide cover for time off work due to sickness?
There is no point in taking out critical illness insurance if you are already suffering from a critical illness because pre-existing medical conditions will not be covered. You may be refused cover if you have consulted to see your doctor about a health problem that later turns out to be critical, or if you have had tests done for the condition.
It is very important for all applicants to disclose fully and accurately when you apply for the critical illness insurance details of any existing illnesses or pre-existing conditions. If you have any existing conditions it doesn’t mean the insurer will refuse to cover you. They would request you to attend a medical with one of their approved list of doctors on their panel first. They may then increase the premiums to reflect their risk of offering you the correct cover from their insurance products.
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